What I Love About Payoneer

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Payoneer is no doubt the best solution to getting paid from US or EU based companies, as if you have your own US or EU based bank account.

The way it works is simple. Payoneer provides you with personal collection account numbers, which allow you to receive payments via ACH transfers from US companies and via SEPA transfers from EU companies, wherever you are in the world.

With respect to Amazon, how do you deal with the tax holding issue? I am UK based and pay taxes in the UK, but again require that I stipulate that I am a non US resident in order not to withhold taxes @ 20%. At the same time they stipulate that they will only pay to non US citizens via cheque.

Hey Tung, have you ever faced any withdrawal limits with payoneer. I live in Pakistan, and I’ve been using a bank named MCB that doesn’t lets me withdraw more than $200 at once. Do you think the restrictions are from the bank or payoneer? Have you ever faced any restrictions with withdrawals in your country?

i just withdraw my december earnings using payoneer its really fast… just 2 days from amazon the money can be withdrawn from payoneer.. i went to citibank and its really very easy.. its a checking account…glad i switched to this.. the cheque was really slow it took about 4 month to be encashed…. with payoneer its only 2 months and 2 days..

All is correct. When you open an account at Amazon, you are asked to fill in the tax form. Here is what Amazon says about: “IRS regulations require non-U.S. taxpayers to provide Form W-8BEN to Amazon in order to be exempt from U.S. tax reporting requirements.”

US associate have a tax withheld from their earnings. So Amazon acts like IRS agent in this case.

In regard to non-us publishers, it seems to me that they just require a form as a confirmation that your income is not taxable in USA.

Which doesn’t mean that you shouldn’t pay taxes at all. You should, but you pay tax of your country. Your tax is your problem here.

Great post! I’m currently in the US, but I’m coming back to Vietnam in about 3 months and haven’t quite figured out a workaround for the payment issue yet. This is exactly what I needed.

Btw, Do you mind if I ask you about whether you have to pay any kind of tax for your affiliate commission (either to US or Vietnamese government)? If yes, what are the procedures? It would be awesome if you write an article about tax for Vietnamese affiliate marketers.

Good recommendation for those who live outside the US but want to participate in US-based affiliate marketing programs. People who live in countries with good conversion rates are lucky because they get the best of both worlds.

I’m a newbie with affiliate marketing, so I’ll be following your blog closely. Thanks!

I’m surprised that you recommend proceeding so, as Direct Deposit payment is only allowed if you AND your bank are based within the United States.

Here is what Amazon says about it:

“Direct Deposit Information and FAQ

Amazon Associates allows people to be paid by direct deposit to their nominated bank accounts if they and their bank are based within the United States. At this time, the Amazon.com Associates Program is unable to offer direct deposit to International Associates or to banks located outside of the United States.”

Also, this is conflicting information to Amazon regarding your situation: for taxation you claim that you’re outside the US, but for payment you claim that you’re within the US. Is that common to proceed so among online marketers? Aren’t you afraid of having your Amazon associates account suspended because of this?

I am from India and i tried to use payoneer as payment method. This month amazon tried to make payment via payoneer but payment got failed. I contacted Amazon and they said ,they do not support payoneer.

Any news about this statement? Comment posted 3 months ago. Are you other guys receiving money from Amazon Affiliates correctly? I am in process of selecting payment solution – working with Amazon US Affiliates and live in EU.

Hi, Tung Tran. I’ve got a mastercard and visa and I live in Kyrgyzstan. Can I be affiliate to Amazon affiliate programm and other US and UE based countries. Thanks. Will wait for your answer.)))))) Max.

Hi, Tung Tran. That was such an informative piece. I live in Kenya and just completed my Amazon associate account registration including my non-US TAX information. I have been using Payoneer since 2013 and I must agree that it’s a lifesaver especially for freelancers in countries where you can not withdraw your PayPal funds directly your local bank account.

I was not sure if I should include my US payment service details (Payoneer details) in the “direct deposit” option until I came across your post via Cloudliving in Facebook. So my question was how long does it take for one’s Amazon earning to reflect in his or her Payoneer account. Secondly, using the “direct deposit” option can I initiate withdrawal immediately my earning are over the $10 minimum earnings?

I wonder why do you recommend choosing the “Prepaid MacterCard Card” option if you actually want to be able to withdraw the money to your local bank account? Shouldn’t we choose the option “Local Bank Account”?

Thank you for this post. I have signed up to Payoneer using link. 🙂 The application is still pending review. I will be using the account for Amazon Affiliates program. Can I apply (In Amazon) even before the approval? Please advise

Man, I am Non-US resident and I wonder that is there anything similar to Payoneer? Because banks here take big commission from Payoneer and well I don’t want to get a cheque either. By the way, I can’t use paypal too 🙂 Can you suggest me a solution?

Hi Tung, Thanks for this post. I’ve signed up a US bank account and input that into my Associate’s Payment page, but the payment didn’t come through. When I asked a consultant, they said it’s because my mailing address is not in the US, so based on that, I fall under the ‘international’ category and so the direct deposit payment won’t come through. They also said the same applies for tax information, I’d need to have a US Social Security Number or the payment wouldn’t go through.

How do you get around this in your Amazon Associates account? Do you have your mailing address set to a US-based address?

I know you previously said you’ve set your tax stuff up so that it says you don’t reside in the US (as I have too), but I’m being told this setup means the system won’t pay direct deposit. I’m curious what details you have in your account that’s allowing your payments to go through. (particularly for your mailing address – is it an international address or in the US?)

Hi… Thanks for the Article… I have a Question.. I am from Pakistan. If I make Payoneer Account with prepaid master card.. and Then Want to receive payments from Amazon.. Then Which bank i have to enter..?? US Based or Pakistan’s based…??